2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 5, 000 crores
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Rs 3, 500 crores
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Rs 6, 000 crores
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Rs 1, 000 crores
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Detailed explanation-1: -The interest rate on refinance from NABARD will be 2.90% p.a. (with quarterly rests), subject to revision by NABARD from time to time. Banks may pass on the benefit to the ultimate borrower. 3.
Detailed explanation-2: -Refinance is provided for production purposes at concessional rate of interest to State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) by way of sanction of credit limits.
Detailed explanation-3: -This was introduced as part of the NABARD loans to provide funding for a total of 99 irrigation projects with the disbursal of a loan amount of Rs. 20, 000 Crores.
Detailed explanation-4: -The National Bank for Agriculture and Rural Development (NABARD) was established in 1982. RBI had sold its stake and now the Government of India (GOI) has 99 percent in it.